That final settlement paper mentions LOOM as a digital currency model.

Personally, I have major trust issues with digital currency, but note that a very large percentage of the general public is quietly migrating into charge cards, online payments, electronic signature pads etc without any fuss about the direction they are headed.

If you are proposing anarchy, that is what you will get. If you are proposing a true form of communism, you will never get it. Humans are not ants, and never will be. And even ants are controlled by a leader.

Quoting: Zerocyber

Anarchy means nothing over.

It DOES NOT MEAN CHAOS and it is not a bad thing unless you like slavery.

The Powers want you to believe that their rule is essential in keeping chaos and evil at bay when the truth is they are the purveyors of both.

This just proves to me you are an idiot who has succumbed to the brainwashing .

Get rid of the money system; then get rid of governments (a GLP thread)by altering the concepts of what money actually is.

One general error: the concept that only one system is possible and that is likely based upon a precious metal (pick your choice) is itself very limiting.

Try this for consideration:

Money exists as an extension of language by means of symbols and contracts that allow the ownership and distribution of real things by proxy.

All symbols of money are token in nature, and the underlying issue is the counterfeiting problem. (I define counterfeiting as lying with money symbols). The usage of precious metals for your tokens is essentially an anti-counterfeiting measure.

Once you grasp this principle, you start to see the truth in the old maxim "In commerce, truth is sovereign."

If a gold certificate can be valid money, recognize that a gold certificate is a warehouse receipt and if you can create a warehouse receipt for most of the products and commodities available to the market.

That leaves out the concept of hypothecating the promise to create and deliver value in the future - generally also recognized as having value. In fact, it is my conclusion that this (the Mandrake Mechanism) is a very very valuable aspect of the present system. However, you must read and understand what Auriti asked about the process involved in the assignment of value to money and the ownership thereafter to recognize that such a debt based monetary system can only be stabilized by setting up banks in an agency relationship to all creators of value and vesting the seigniorage in the people.

Demurrage in turn can be used to extract the cost of running this agency and precious metals can be used in a performance bond role where the same are recognized as a "store of value."

The issue of proper assignment of seigniorage is the underlying issue in the redemption of the strawman movement.

"If a gold certificate can be valid money, recognize that a gold certificate is a warehouse receipt and if you can create a warehouse receipt for most of the products and commodities available to the market."

Drop the "if" and it reads properly:

If a gold certificate can be valid money, recognize that a gold certificate is a warehouse receipt and you can create a warehouse receipt for most of the products and commodities available to the market.

NESARA was originally the work of systems analyst Dr. Harvey Barnard who, in 1996, attempted to inspire a grassroots monetary education and legislator-outreach effort to compel economic policy reform in the U.S. before it was too late. The term "NESARA" was coopted by the "Dove of Oneness" and a strange cast of occultic characters. Whether "Dove" et. al are "covert agents of the dark forces" or just petty opportunists, they have marginalized the name of Dr. Barnard and his efforts. NESARA, which was Dr. Barnard’s well-intended, albiet partially flawed, attempt at monetary reform, is now synonymous with the promise of alien political intervention, celestially-sanctioned fiat-money payouts and secret acts of Congress passed under pressure from the White Knights—an anonymous cadre of benevolent power-elites working behind the scenes to deliver the people of earth into an enlightened age of peace, love and prosperity. Nearly all of our readers are aware of NESARA and many more have an emotional or financial interest in the truth about the occultic perversion of NESARA while others believe they have a spiritual investment in helping The Dove of Oneness et. al deliver NESARA. We hope that the following report will help our readers better understand NESARA so their finite energies and resources may be expended where they will be most useful.

By Anne Wilder Chamberlain

Since the late 1990s, the term "NESARA" has come up in both patriot and new age circles as the ultimate solution to America’s financial woes. At last, many people were given hope that there were lightworkers secretly working within our own government that would rescue us from the satanic clutches of an out-of-control military-industrial complex. In fact, NESARA is an acronym for the "National Economic Stabilization And Recovery Act," an economic reform proposal drafted by Dr. Harvey Barnard. This proposal was promptly hijacked by a few con-artists seizing an opportunity to prey on the ignorant and their monies. Their co-opted version is the NESARA most people have come to know.

Systems analysis

Dr. Harvey Barnard earned a Ph.D. in Applied Science specializing in Systems Philosophy. Married to the girl down the street, he worked most of his adult life serving heavy industry in technical and engineering fields as a systems troubleshooter, educator, and consultant. He started his search for the root cause and solutions to America’s social problems in the 1960s when a professor at Louisiana State University remarked that social and economic problems could be analyzed and solved with the same tools and techniques used to solve industrial problems. For more than 30 years he studied currency, banking, economics, taxes, law, philosophy, history, sociology, and politics using the analytical principles of systems theory.

In the late 1980s Dr. Barnard developed his NESARA legislative proposal for monetary and fiscal policy reform in order to double the standard of living for every American within one generation. In 1996 he printed 1,000 copies of Draining the Swamp, which contained his NESARA proposal, and sent them to members of Congress and others, believing the proposal would pass quickly on its merits. It included replacing the income tax with a national sales tax, abolishing compound interest on secured loans and returning to a bimetallic currency.

Based on a theory that debt is the number one economic factor inhibiting the growth of the economy and compound interest the number one "moral evil" and reason for debt, Dr. Barnard made several attempts to draw political attention to the problems he saw in the U.S. economy.

The proposals were never introduced by Congress, although the Treasury Department acknowledged them and Congressman Ron Paul once commented on them. In 1999 Dr. Bernard released the proposal to the public domain and published it on the internet at his website at www.nesara.org. In 2001 he established the NESARA Institute, a non-profit educational organization that maintains the website.

William Jennings Bryan gave his famous speech where the phrase "You shall not press upon the bow of labor this crown of thorns, you shall not crucify mankind upon a cross of gold" at a Democratic convention in the year 1896. This was a direct result of the 1873 coinage act. You can see a U-Tube recording of this speech here: [link to www.youtube.com] Three minutes, twenty nine seconds. Other places have the transcript.

Yamaguchy netfirms has the book written in 1899 titled "The Coming Battle" by Martin Walbert where the central discussion is over whether gold or silver is a better backing for money: [link to www.yamaguchy.netfirms.com] Other Yamaguchy books include several by Eustace Mullins, Cooglan, and another famous book BABYLONIAN WOE by David Astle. See: [link to www.yamaguchy.netfirms.com]

The Wizard of Money series (mp3 audio files) and pdf transcripts are found here: [link to www.altruists.org] along with a bunch of related material.

Part One of Six Parts: Credit As A Public Utility: The Solution to the Economic Crisis

“Our Early Political Leaders Warned Us Against the Banking Interests”

Early U.S. statesmen, such as Benjamin Franklin, Thomas Jefferson, James Madison, and Andrew Jackson worked to free the nation from control by the bankers who had been behind the establishment of the First and Second Banks of the United States. During the Civil War, President Abraham Lincoln implemented a true democratic currency by spending Greenbacks directly into circulation without borrowing from the banks. These measures allowed the U.S. to develop for much of the 19th century largely free from bankers’ control. By the end of the century, this had changed, and the bankers were taking over. Click Here

Part Two of Six Parts: Credit As A Public Utility: The Solution to the Economic Crisis

“The Federal Reserve System: The Bankers Take Over”

President Lincoln’s Greenback system worked but was undermined and replaced by the financiers who got Congress to pass the National Banking Acts of 1863 and 1864, then the Federal Reserve Act of 1913. The United States now became a nation dominated by the financial elite, the banks, and a debt-based monetary system. Consequently, the 20th Century was one of constant cycles of inflation and deflation resulting in the economic chaos we see today.

Part Three of Six Parts: Credit As A Public Utility: The Solution to the Economic Crisis

“The Collapse of the Financial System”

The collapse we are seeing today began in the financial system, not the producing economy. The crisis started with the housing bubble which the Federal Reserve created by cutting interest rates and then brought own by raising them. The trigger of the 2008 bank meltdown was refusal by European banks to purchase any more “toxic” U.S. debt based on mortgages and sold as securities. Now, with the decline in equity values, the burden of debt in our economy has grown even larger. Thus a renewal of bank lending will not solve the problem, while the economic stimulus program of the Obama administration is likewise insufficient to restore economic health.

Part Four of Six Parts: Credit As A Public Utility: The Solution to the Economic Crisis

“What is Credit and Who Should Control It?”

Fractional reserve banking is the process by which banks create credit out of thin air. But despite abuses of the system, credit is still a crucial part of modern economics. An enlightened concept of governance would view credit as a public utility. This means that government must take back the control of credit from the private financiers.

Part Five of Six Parts: Credit As A Public Utility: The Solution to the Economic Crisis

“The Gap Between Prices and Income”

One of the most important and least understood concepts in modern economics is the existence of a gap between prices and purchasing power. This gap results when a portion of prices must be set aside as business and private savings. The money is then used by the financial system for lending and speculation. Keynesian economics takes control of some of the savings through government deficit spending but is still a compromise with control of the economy by the financiers. In fact Keynesian economics has helped cause the collapsing debt pyramid. A better system would be to provide consumers with a National Dividend as a way to monetize the continuous appreciation of the producing economy.

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Part Six of Six Parts: Credit As A Public Utility: The Solution to the Economic Crisis

“The Greenback and National Dividend Solutions”

The U.S. should convert to a system where the money supply is created by the federal government by being spent into circulation without government borrowing or taxation as was done with the Greenbacks. The Federal Reserve should no longer be a bank of issue. Additionally, a National Dividend should be paid directly to the people. The “Cook Plan” calls for the initial distribution of vouchers in the amount of $1,000 a month plus a new system of community savings banks. Greenbacks combined with a National Dividend will create a non-inflationary democratic currency and transform the economy of the United States.

The Auriti reference is to his piece "THE INDUCTION OF VALUE TO MONEY AND THE OWNERSHIP THEREOF"

A closely related ancillary is the Mundell explanation of Gresham's law.

There is nothing wrong with electronic entries as money so long as these entries are accurate and true to facts. Neither is there anything wrong with paper symbols as money.

IT IS PROPER ASSIGNMENT OF SEIGNIORAGE TO THE PEOPLE WHO DO THINGS AND CREATE THINGS THAT IS IMPORTANT.

Money is a social mnemonic function. Check out Narayana Kocherlakota on money as a social memory. Kocherlakota is head of the Minnesota fed right now.

Interest can be thought of as a method of providing for professional administration (there will never be a "free" money system), however demurrage is a far better mechanism for providing for professional administration.

Additionally, all money systems must provide insurance like functions along with reputation recording and performance bonds. Much of what already exists in economic literature is correct; however, some spectacular errors of the axiomatic variety exist within this extant system.

Money should be thought of not as "holding value" but rather as a system of communicating value - thus my statement that money is a special branch of language.

This is a very good paper from Martin in which he chastises the argument that Goldman has done nothing illegal… just immoral. He sees and draws parallels to the Great Depression – that’s interesting because he repeatedly claims that we’re not repeating the Great Depression. In fact, the parallels are staggering. However, I agree that this is no Great Depression, it is far worse; it is a nation and possibly world changing series of events.

Martin discusses many legal issues, on this subject he is definitely spot on! The lack of jury trials, the extreme rate of conviction, the growth in the number of Federal Prisoners are all signs of a breakdown of the system. These types of breakdowns occur when the power structure gets one-sided. Once this occurs, rebellion is not far behind. And ultimately what happens is that the people lose CONFIDENCE in the government. This has and IS occurring now. I personally don’t trust ANYTHING I hear or read at this point – economic statistics are a lie, accounting is a fraud, and I am completely unsure how to read the events of the world as I believe what’s really occurring is being spun to the public. And I KNOW that the real power structure is NOT the structure presented for our consumption.

The markets are no longer real, they are simulated and controlled by a very few players! Martin nails the point that the players in the markets are not there serving a purpose for society, they are there for their own “egotistical hedonism.”

Near the end of this paper he quotes Thrasymachus, who discussing how the “just” are always the losers to the “unjust” memorably says, “My meaning will be most clearly seen if we turn that highest form of injustice in which the criminal is the happiest of men, and the sufferers or those who refuse to do injustice are the most miserable – that is to say tyranny, which by fraud and force takes away the property of others…”

It seems to me that we have arrived at that destination… where those who stand behind their morals and ethics suffer while those who stand behind fraud and force take away the property of others. We are there, it is the end of the line for CONFIDENCE, and it is this that is at the foundation of the rule of law upon which capital either forms or flees.

Centralized power and centralized money form a symbiotic pair; neither can exist without the other.

Money is a system of communicating ownership of real things by proxy.

The idea that only one system is possible is part of the problem.

Hayek pointed out in his book THE DENATIONALIZATION OF MONEY that competition in money formats could itself be a stabilizing factor. Ronald Coase pointed out in his prize in economics named after Alfred Nobel that people will use the system of least extractive cost.

What Hayek failed to point out is with a single monetary system you can pass regulatory laws and hire people to watch and regulate financial institutions, but with competition in monetary formats corruption becomes part of the overhead costs. In a competitive environment financial institutions are forced to police themselves to keep overhead down or they lose their customer base.

Banking will be forced in time into an agency relationship to all producers of value.

Nothing I have written prohibits usage of precious metal coins in direct exchange. However, other methods that involve tokens of little or no intrinsic value are also possible.

It is my position (not shared by Fekete) that the "real bills" end up circulating as the real medium of exchange and the gold held in deposits are actually functioning as performance bonds.

The failure of LETS systems to flourish and spread is due to four factors:

1) Lack of a model that provides for professional full-time administration, and:2) Lack of good commercially enforceable contracts, and:3) Lack of a system of performance bonds, and:4) Even though LETS pretends to be a mutual credit system, proponents of LETS have failed to understand and implement the Mandrake Mechanism that allows the hypothecation of promises to create and deliver value in the future.